Amalgamated Bank reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA – Get Rating) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,582 shares of the real estate investment trust's stock after selling 2,664 shares during the quarter. Amalgamated Bank owned 0.06% of National Storage Affiliates Trust worth $3,488,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Ahrens Investment Partners LLC acquired a new position in National Storage Affiliates Trust during the first quarter worth $42,000. Point72 Hong Kong Ltd bought a new stake in shares of National Storage Affiliates Trust during the first quarter worth $48,000. HM Payson & Co. bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $68,000. Point72 Asset Management L.P. bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $69,000. Finally, Covestor Ltd grew its holdings in shares of National Storage Affiliates Trust by 45.5% during the first quarter. Covestor Ltd now owns 1,571 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 491 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Get National Storage Affiliates Trust alerts:Analyst Ratings Changes
Several brokerages have recently commented on NSA. Jefferies Financial Group decreased their target price on National Storage Affiliates Trust from $78.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Evercore ISI decreased their price target on National Storage Affiliates Trust from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Monday. StockNews.com cut National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Truist Financial decreased their price target on National Storage Affiliates Trust from $61.00 to $57.00 and set a "hold" rating on the stock in a report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $60.17.
National Storage Affiliates Trust Price Performance
Shares of NSA opened at $43.79 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.38. National Storage Affiliates Trust has a 1 year low of $43.64 and a 1 year high of $70.04. The stock has a market cap of $4.02 billion, a P/E ratio of 44.23, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64. The stock's 50-day moving average price is $52.28 and its two-hundred day moving average price is $54.32.National Storage Affiliates Trust (NYSE:NSA – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). National Storage Affiliates Trust had a return on equity of 4.79% and a net margin of 14.91%. During the same period last year, the business posted $0.55 EPS. On average, equities analysts predict that National Storage Affiliates Trust will post 2.84 earnings per share for the current year.
National Storage Affiliates Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Wednesday, September 14th. National Storage Affiliates Trust's dividend payout ratio is currently 222.22%.
National Storage Affiliates Trust Profile
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National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.
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